-The Guardian International Monetary Fund paper dismisses rightwing argument that redistributing incomes is self-defeating   The International Monetary Fund has backed economists who argue that inequality is a drag on growth in a discussion paper that has also dismissed rightwing theories that efforts to redistribute incomes are self-defeating. The Washington-based organisation, which advises governments on sustainable growth, said countries with high levels of inequality suffered lower growth than nations that distributed incomes more evenly. Backing...

-Outlook Following are the highlights of interim budget 2014-15: Income tax rates kept unchanged 10 pc surcharge on 'super-rich' having annual income above Rs 1 crore to continue 10 pc surcharge on domestic corporates with income of Rs 10 crore Foodgrain production estimated at 263 million tonnes in 2013-14 Fiscal deficit at 4.6 pc in 2013-14...

-The Times of India NAGPUR: Maharashtra government disclosed that it had incurred a expenditure of Rs 3.71 crore on probe panel of much-hyped Adarsh Housing Society scam in Mumbai. This led to rest the speculations about total amount spent on the scam report drafted by Justice JA Patil and former bureaucrat P Subramaniam. Earlier, it was speculated that the government had spent Rs7 crore on the panel constituted in 2011 by...

-Frontline Two draft Bills on the Tribal Sub-Plan and the Scheduled Caste Sub-Plan raise hopes of granting these decades-old schemes statutory status and ensuring allocation of funds in the Central and State budgets for their implementation. IN a significant legislative move, the Union government's Ministry of Tribal Affairs released a draft Bill for the implementation of the long-neglected Tribal Sub-Plan (TSP), a special programme mandated by the Planning Commission to benefit the...

-Outlook The real story of a ‘decisive' UPA blowing away the eight-year cloud around Posco's project Bend It Like Moily Seven reasons why UPA's pre-poll green clearance for Posco is more about spiel than steel Posco got green clearance after the sudden removal of MoEF Jayanthi Natarajan, who was reluctant to sign on the file. The nod came days before South Korean President Park Geun-hye's visit;...